First Time Buyer

First Time Buyer

First Time Buyer

Are you a First Time Buyer?

You're in great hands with the sPellHomes Team, they can help you find the home of your dreams!

Questions you may have........

Is the time right for me to purchase a home rather than rent?Yes! With so many Down Payment Assistance Programs, like the Home in 5, NOW is the time to fire your landlord! Remember, when you rent, your monthly check goes into your landlord’s wallet or toward a mortgage in their name. When YOU choose to buy, you can deduct the mortgage loan interest from YOUR income taxes, which will give you another tremendous savings throughout the year, as well as build your own equity.

If I qualify for a home loan, what else do I need to consider when buying?One of the biggest considerations beyond your mortgage will be property taxes. Normally, taxes and insurance can be – and are – added to your monthly mortgage payment. You will know the amount of mortgage (principal and interest), taxes and insurance prior to signing on the dotted line. There are other financial considerations that might come into play, as well. Depending on the type and location of the property you purchase, you may have homeowner’s association or condo association dues. These are paid to the community you live in for upkeep costs, landscaping, etc. Of course, you will always have the costs of utilities, but you will most likely have to pay for these whether you rent or own.

How will using the sPellHomes Team benefit me?Doug and Serena Pell are full-time Realtors who keep up with all the details involved in buying a home in today's market. They assist you through the entire process and make your transition to your new home seamless. They are well educated regarding the entire real estate transaction, from pre-qualification to helping you figure out your ideal price range; scheduling home tours for homes that meet your criteria; to negotiating the best offers which get accepted - a key in today's competitive market. Once your offer is accepted their team will guide you through the paperwork, inspections, appraisal, closing process and finally, hand you the keys to your first home!

What do I need to apply for a mortgage?The first thing to do is pre-qualify for a mortgage with a trusted lender before looking too seriously at homes. It’s important to know your buying power. sPellHomes can connect you with expert lenders who evaluate your unique credit profile and offer home loan programs to best fit your goals. Here are common items you will need when it comes time to apply:

Social Security numbers for both you and your spouse

Copies of your checking and savings account statements for the past 6 months

Statements from all your other assets

Recent paycheck stub detailing your earnings

Statements from all credit card accounts

Account numbers and balances due on outstanding loans, such as car loans

About The sPellHomes Team - Realty ONE Group

sPellHomes ultimate purpose is unwavering - to clearly understand the goals of each client we encounter and make those goals a reality. Our team of experts provide Buyers and Sellers valuable information and resources to successfully navigate the often challenging process of home ownership and investing all while keeping our clients best interests at heart. Real estate transactions are typically the largest purchase or sale you will ever encounter. sPellHomes understands you have many choices when selecting a Realtor and we welcome the opportunity to provide you with the service you deserve, from people you can trust.

Wonderful 4 bedroom 2.5 bath home with master bedroom on the main floo

6mar

Testimonials

"Having Doug and Serena as Realtors was honestly the best experience we've ever had. We just clicked and they listened to everything we wanted. Whenever we found a house we wanted to see they would go above and beyond to make sure we saw the house that day. It was also nice and easy to get ahold of them. It felt like we were family and not just another client."